Hall of Fame Beverages CEO and COO Ready to Resign
July 02 2010 - 10:00AM
Marketwired
Hall of Fame Beverages (PINKSHEETS: HFBG) announces that Mr.
Lawrence Twombly, the current CEO, and Mr. Mark Hammill, the
current COO, are in the process of resigning from Hall of Fame
Beverages.
CEO Larry Twombly states, "It has been my intention from the
time I accepted the post of CEO, to create shareholder value for
the Company and add value to the Company as a whole. Communication
has always been the key to achieve that goal. Unfortunately, due to
the lack of communication between management, it has become
increasingly difficult to operate in a manner that best serves me,
the Company and shareholders. Over the past three days, I have been
trying feverishly to communicate with Mr. Ross, the Company's
current President and Chairman, to get answers to the most basic of
questions. To my disappointment my phone calls and emails have all
gone unanswered. A scheduled meeting between me and Mr. Ross in Mr.
Ross' home town on Tuesday; a meeting that I rescheduled my travel
plans around, went unattended by Mr. Ross. I was very excited and
proud of the efforts and accomplishments of the management team in
the first quarter of 2010 and was looking forward to parlay those
efforts into a profitable future. It has also become quite apparent
to me, due to the silence, the callous disregard of Mr. Ross and
the fact that no compensation for Hall of Fame's equity in the V
Group was ever received by the V Group, that Hall of Fame Beverages
has no intention of following through with its commitment to the V
Group and the product A.N.D. I feel due to dealings that were done
without my knowledge, that may or may not have benefited the
Company, it is imperative that I separate myself, Mr. Hammill and
the V Group from Hall of Fame Beverages. I will be in the process
of removing my name, the name of Mr. Hammill, the V Group name and
A.N.D. from the Hall of Fame literature and filings."
Mr. Twombly goes on to say: "These statements do not mean that I
don't believe Hall of Fame Beverages will be a success. I feel the
Company could have a bright future if managed correctly. I hope it
is a huge success. I hope it goes on to produce great profits. I
hope that someday, the shareholders receive the fruit of all our
hard labors. I and Mr. Hammill would like to thank the shareholders
for their trust and would like to wish the Company and the
shareholders luck on all their future endeavors."
About Hall of Fame Beverages Hall of Fame
Beverages, Inc. is a new lifestyle company dedicated to building
long-term success through the creation, manufacture, distribution,
and marketing of innovative non-alcoholic beverages recognized for
their fresh, standout brand identities that rise above the plethora
of average products.
"Safe Harbor Statement" Under The Private Securities Litigation
Reform Act of 1995: The statements in the press release that relate
to the Company's expectations with regard to the future impact on
the Company's results from new products in development are
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. The results anticipated
by any or all of these forward-looking statements may not occur.
The Company undertakes no obligation to publicly release the result
of any revisions to these forward-looking statements that may be
made to reflect events or circumstances after the date hereof, or
to reflect the occurrence of unanticipated events or changes in the
Company's plans or expectations.
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CONTACT Hall of Fame Beverages, Inc.
http://www.halloffamebeverages.com/ Investor Relations Email
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